This morning Binance have started testing trading pairs for EOS and Binance Coin (EOS/BNB) and EOS and Tether (EOS/USDT).
The move comes ahead of the EOS mainnet launch on June 2nd which some believe could take the price of EOS over $30 and into 4th position on Coin Market Cap.
The EOS/BNB and EOS/USDT trading pairs will be available on Binance from today 05:00 AM (UTC).
#Binance Adds EOS/BNB, EOS/USDT Trading Pairs and $EOS Mainnet Swap Updatehttps://t.co/eAFSH3m5hx pic.twitter.com/xdnN4TDHBQ
— Binance (@binance) May 28, 2018
Tether (USDT) is a popular stable coin designed to add liquidity and claimed to be backed by the US dollar. The amount of USDT in circulation should be equal to the amount of fiat US dollars held in reserve by Tether, and USDT should be equal to $1. Binance Coin (BNB) is the Binance exchange’s own coin, currently trading at $12.14.
With just five days to go until the EOS mainnet launch, several exchanges have already added support for the EOS move off the ERC20 tokens of the Ethereum blockchain and on to their own blockchain. Binance was one of the first exchanges to offer support three months ago.
EOS sales, purchasing and trading on Binance will be suspended from midnight on the last day of May. Once the mainnet is up and running and deemed to be stable, operations will continue. Users have been warned to ensure that all EOS deposits have been processed by May 31 so no funds are lost.
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